Strs Ohio Buys Shares of 6,300 Huron Consulting Group Inc. $HURN

Strs Ohio acquired a new position in Huron Consulting Group Inc. (NASDAQ:HURN) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,300 shares of the business services provider’s stock, valued at approximately $904,000.

A number of other institutional investors have also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Huron Consulting Group by 149.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,199,574 shares of the business services provider’s stock worth $172,079,000 after purchasing an additional 719,199 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Huron Consulting Group by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 543,236 shares of the business services provider’s stock worth $67,503,000 after purchasing an additional 4,946 shares in the last quarter. Invesco Ltd. boosted its position in shares of Huron Consulting Group by 7.9% in the 1st quarter. Invesco Ltd. now owns 282,017 shares of the business services provider’s stock worth $40,455,000 after purchasing an additional 20,680 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Huron Consulting Group in the 1st quarter worth $38,511,000. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of Huron Consulting Group by 0.7% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 244,318 shares of the business services provider’s stock worth $35,047,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors and hedge funds own 93.90% of the company’s stock.

Insider Buying and Selling

In related news, Director John Mccartney sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $129.11, for a total value of $64,555.00. Following the transaction, the director directly owned 51,317 shares in the company, valued at approximately $6,625,537.87. This represents a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kyle Featherstone sold 375 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $135.73, for a total value of $50,898.75. Following the completion of the sale, the insider directly owned 1,311 shares in the company, valued at approximately $177,942.03. The trade was a 22.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,211 shares of company stock valued at $967,191. 2.15% of the stock is currently owned by company insiders.

Huron Consulting Group Price Performance

Shares of Huron Consulting Group stock opened at $143.68 on Friday. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 1.35. Huron Consulting Group Inc. has a twelve month low of $102.94 and a twelve month high of $155.00. The business has a 50-day moving average price of $134.99 and a 200 day moving average price of $139.85. The firm has a market cap of $2.49 billion, a PE ratio of 25.08 and a beta of 0.32.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%.The company had revenue of $402.50 million for the quarter, compared to analysts’ expectations of $402.67 million. During the same period in the previous year, the firm posted $1.68 EPS. Huron Consulting Group’s revenue was up 8.3% compared to the same quarter last year. Huron Consulting Group has set its FY 2025 guidance at 7.300-7.70 EPS. Sell-side analysts predict that Huron Consulting Group Inc. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HURN shares. Barrington Research raised their target price on Huron Consulting Group from $173.00 to $176.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $171.50.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children’s and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.